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AMC   4.09 (+3.81%)
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PYPL   56.13 (-11.24%)
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MSFT   414.11 (+0.01%)
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NVDA   696.41 (-0.65%)
NIO   5.82 (-0.68%)
AMD   169.35 (-0.93%)
BABA   70.74 (-3.94%)
T   16.82 (-2.94%)
F   12.83 (+0.23%)
MU   84.88 (-0.34%)
CGC   4.11 (-4.86%)
GE   139.07 (+0.41%)
DIS   110.54 (+11.50%)
AMC   4.09 (+3.81%)
PFE   27.56 (+0.00%)
PYPL   56.13 (-11.24%)
XOM   103.97 (+1.71%)

Nextracker (NXT) Stock Forecast & Price Target

$57.12
+1.70 (+3.07%)
(As of 02/8/2024 ET)
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Nextracker Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 24 Analyst Ratings

Analysts' Consensus Price Target

$53.78
-5.84% Downside
High Forecast$73.00
Average Forecast$53.78
Low Forecast$36.00
TypeCurrent Forecast
2/8/23 to 2/8/24		1 Month Ago
1/9/23 to 1/9/24		3 Months Ago
11/10/22 to 11/10/23		1 Year Ago
2/8/22 to 2/8/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
N/A
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
 N/A
Buy
22 Buy rating(s)
20 Buy rating(s)
18 Buy rating(s)
 N/A
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
 N/A
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
 N/A
Consensus Price Target$53.78$47.52$45.95N/A
Predicted Upside-5.84% Downside24.64% Upside23.49% UpsideN/A
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NXT Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NXT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Nextracker Stock vs. The Competition

TypeNextrackerOils/Energy CompaniesS&P 500
Consensus Rating Score
2.92
2.54
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-5.84% Downside437.20% Upside8.87% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/8/2024Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$73.00+31.72%
2/1/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$60.00 ➝ $63.00+14.03%
2/1/2024Cantor Fitzgerald
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$52.00 ➝ $62.00+14.26%
2/1/2024Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$60.00 ➝ $70.00+32.08%
2/1/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$56.00 ➝ $64.00+21.12%
2/1/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$62.00 ➝ $70.00+54.63%
2/1/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$61.00 ➝ $73.00+61.25%
2/1/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$57.00 ➝ $68.00+50.21%
1/31/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$45.00 ➝ $52.00+14.49%
1/23/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$52.00 ➝ $60.00+30.21%
1/22/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$50.00 ➝ $51.00+11.82%
10/26/2023Northland Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$45.00+21.42%
10/16/2023Janney Montgomery Scott
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$43.00+22.47%
10/2/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$50.00+24.50%
9/22/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$52.00+26.52%
7/27/2023Craig Hallum
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$43.00 ➝ $50.00+12.76%
7/14/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$46.00+17.89%
5/16/2023BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$45.00+11.61%
5/12/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$40.00 ➝ $42.00+18.54%
4/11/2023Johnson Rice
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$39.00+14.71%
3/6/2023Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		P. Shen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy$45.00+34.93%
3/6/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageSector Outperform$38.00+13.94%
3/6/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$36.00+7.95%
3/6/2023KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageSector Weight ➝ Sector Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:29 PM ET.












NXT Price Target - Frequently Asked Questions

What is Nextracker's consensus rating and price target?

According to the issued ratings of 24 analysts in the last year, the consensus rating for Nextracker stock is Moderate Buy based on the current 2 hold ratings and 22 buy ratings for NXT. The average twelve-month price prediction for Nextracker is $53.78 with a high price target of $73.00 and a low price target of $36.00. Learn more on NXT's analyst rating history.

Do Wall Street analysts like Nextracker more than its competitors?

Analysts like Nextracker more than other Oils/Energy companies. The consensus rating score for Nextracker is 2.92 while the average consensus rating score for oils/energy companies is 2.54. Learn more on how NXT compares to other companies.

Is Nextracker being upgraded by Wall Street analysts?

Over the previous 90 days, Nextracker's stock had 1 upgrade by analysts.

Does Nextracker's stock price have much upside?

According to analysts, Nextracker's stock has a predicted upside of 25.10% based on their 12-month stock forecasts.

What analysts cover Nextracker?

Nextracker has been rated by Barclays, Cantor Fitzgerald, Citigroup, Guggenheim, JPMorgan Chase & Co., Mizuho, Piper Sandler, Roth Mkm, The Goldman Sachs Group, Truist Financial, and Wells Fargo & Company in the past 90 days.


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This page (NASDAQ:NXT) was last updated on 2/8/2024 by MarketBeat.com Staff

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